NYMEX
Best Buy & Support @ 93 Actual Resistance & Best short Level @ 94.44 (Current Supp) , a break above 95.88 Upside Target @ 97.16 - 98.32 - 99.52 However a Crack below 91.56 Downside Target
@ 89.35 - 88.14 - 86
MCX
Best Buy & Support @ 5321 Actual Resistance & Best short Level @ 5402 (Current Supp) , a break above 5485 Upside Target @ 5665 -5746 However a Crack below 5240 Downside Target
@ 5058 - 5045
TREND
Daily : Bullish But Initial Indicators Facing Resistance near the channel line - which suggests a Dip is Likely
Weekly : Initial Indicators have pierced the Channel Line and heading North - Major indicators have also faced towards upside - but has intermediate Resis , While all Initial & Major Monthly Indicators have placed itself in a comfortable spot Giving Edge for The Firm Bulls which can later be termed as Strong or Aggressive Bulls.
So taking into consideration of the Monthly trend & Technical Indicators , one can assume - couple of major indicators which are facing intermediate Resistance as of weekly cannot Hold the Pressure for a Long time & will be pulled above the Resis Channel That is where The Aggressive Bulls Step Inside
STRATEGY
BUY ON ALL DIPS
MULTI BAGGER TARGET
NYMEX OIL ABOVE 97.16 @ 105.25
MCX CRUDE OIL @ 5856 - 6076
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